a. A company purchases a new machine for $20,000. The value of the machine depreciates linearly over a 10 year period. ↧(down)....?
Therefore, the value (y) of the machine can be written as a linear function of time in years (x) Interpret the following in the context of the problem:
i. The y-intercept
ii. The slope
iii. The x-intercept
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y-intercept = 20,000, the original value
slope = how much it depreciates each year
x intercept = how long it took until its value depreciated all the way to $0